Singapore mainboard-listed global distributor and marketer of fresh fruits and vegetables SunMoon food Company Ltd. gave China’s Shanghai Yiguo E-Commerce Co. Ltd. the go signal to inject $24 million fund in the group. According to the group, the investment by Yiguo will help further cement it as a global distributor and marketer of branded high quality fruits and food products…Full Article: Singapore Business Review Oct 2016

Key Point

As a result of the S$24 [~US$17.25 million] investment, SunMoon will issue 333.3 million new shares at 4.5 cents per share with 33.3 million free warrants going to Yiguo.